Corporate governance

State-Owned Enterprise Reform in the Hydrocarbons Sector in Ukraine

14 February 2019 - This Review assesses the implementation of corporate governance reforms in the hydrocarbons sector in Ukraine, using as a benchmark the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The Review identifies a set of detailed recommendations as priority areas for reform addressed to the state’s role as owner and shareholder in economically important SOEs operating in this sector. It also addresses recommendations to improve the corporate governance of Naftogaz - a vertically integrated state-owned oil and gas company group with extensive operations in the Ukrainian energy sector.

The Review was launched at an event in Kyiv on 14 February 2019. It is a contribution to a broader project focused on energy sector reform in Ukraine funded by the Government of Norway.